• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

bugmenot

TF Legend
-- Edited Post --

Final Update

Official PDFs are now out
Magnus - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mgtc.pdf


Reserve - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

Revision of Axis Bank Miles/Rewards Transfer Program - https://www.axisbank.com/docs/defau...les-rewards-transfer-terms-and-conditions.pdf



Update: 2nd August

MyZone - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mztc.pdf
Privilege - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/pvtc.pdf
Select - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/sltc.pdf
Ace - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/actc.pdf



Magnus devaluation highlights
  1. Revision in welcome benefits, which are more or less matching with the leaked screenshots
  2. Change in annual fee - ₹12,500 + GST
  3. No more renewal benefit
  4. Spend criteria for fee waiver is now double - 25L
  5. Exclusion of government institutions and utilities MCCs for earning ERs
  6. RIP 25,000ER/1L milestone benefit
  7. Revised transfer ratio of 5:2
  8. 5L ER points cap for transfer
  9. Burgundy account scheme
Reserve devaluation highlights
  1. Spend criteria for fee waiver is revised to 35L
  2. Exclusion of government institutions and utilities MCCs for earning ERs
  3. Revised transfer ratio of 5:2
  4. 5L ER points cap for transfer
  5. Burgundy private account scheme


Aap Chronology Samajiye
  • 📄 Few leaked screenshots of PDF started floating for Magnus and Reserve having potential devaulation
  • 🐦Few folks on Twitter acknowledged the upcoming devaulation by contacting their RMs or insiders from CC department
  • 🎧 Customer Care team were like "Whot Daa Phaak" is going on. They were unaware about these news, some were saying yes and some no
  • 😡 Outrage | Speculation | Twitter Space | Points Transfer Tricks
  • ✋ Then rumour mills started about devaulation being on hold
  • 🔗 Official links of devaulation PDF started popping but "Darling of Cards" was missing
  • 🔌 Axis pulled the plug and links started showing "404 - Not Found" except for unlucky Flipkart card
  • 💣 BOMB - Axis Gift Edge devaulation
  • 📩 Mass credit card cancellation and notice seeking clarification regarding commercial transactions
  • 📉 Official PDF of Magnus and Reserve released
  • 📉 Official PDF of MyZone, Privilege, Select and Ace released


1. Flipkart - https://axisbank.com/docs/default-s...flipkart-credit-card-terms-and-conditions.pdf

Below given links are not opening now as they have been removed. You may check attached PDFs.

2. Reserve - https://axisbank.com/docs/default-s...-reserve-credit-card-terms-and-conditions.pdf
3. Select - https://axisbank.com/docs/default-s...k-select-credit-card-terms-and-conditions.pdf
4. Privilege - https://axisbank.com/docs/default-s...rivilege-credit-card-terms-and-conditions.pdf
5. MyZone - https://www.axisbank.com/docs/defau...-my-zone-credit-card-terms-and-conditions.pdf

By following the format, it is quite easy to create Magnus link, which could be https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-magnus-credit-card-terms-and-conditions.pdf
 

Attachments

Last edited:
My card limit is 6 lakhs on magnus. If I deposit 12 lakhs and then pay for something worth 12 lakhs will the payment be successful? Will I get reward points on 12 lakhs or 6 lakhs?
 
My card limit is 6 lakhs on magnus. If I deposit 12 lakhs and then pay for something worth 12 lakhs will the payment be successful? Will I get reward points on 12 lakhs or 6 lakhs?
I don't think you will be able to make one transaction of 12 lakhs as it's capped at 6 lakh as that is the card limit.
 
Guys, i have 18,745 rewards so far under Magnus edge reward. Guide me how can i make most effective use of those points as of now? I will be going to Chennai to Delhi in the end of August, can it be used for any sort of flight booking for two passengers?
These days Vistara redemption seats availability is very poor. Don't transfer points without checking the availability for the route on random dates to avoid disappointment and points stuck in Vistara.
 
guys dubai flight liye kaunsa transfer partner best value rahega? will get only 3 months milestone points as joined in may only.Will be planning for sometime next year
Etihad for travel to Abu Dhabi and then free bus transfer to Dubai should do the trick for you. Club Vistara future is uncertain as airline companies can change policy overnight so not recommending plus poor redemption availability.
 
AXIS BANK: Q1 SL NET PROFIT 57.97B RUPEES VS 41.25B (YOY)
INTEREST EARNED 255.57B RUPEES VS 187.28B (YOY)
GNPA 1.96% VS 2.02% (QOQ)
NNPA 0.41% VS 0.39% (QOQ)
PROVISIONS AT 10.35B RUPEES VS 3.06B (QOQ)

who would trust Axis if they earned this much profit even after launching great rewards on Magnus last year and still devalued it within a year?
 
taxes and points requirements seem high on etihad.
Check vistara via United (Mumbai to dubai), might be around 20k points and 2.5k tax.
Or emirates via JAL, Aeroplan, Quantas

 
I have 90,000 points in magnus. Best transfer partner for airlines??? International. Will United be good after it's recent devaluation? Or Cathay Pacific?
South east Asia - Krisflyer
Europe - One world partners / Turkish
US / Canada - One world partners / United / Aeroplan
Middle East - Etihad / One world Partners

Only a rough idea. Might not work for everyone.
 
South east Asia - Krisflyer
Europe - One world partners / Turkish
US / Canada - One world partners / United / Aeroplan
Middle East - Etihad / One world Partners

Only a rough idea. Might not work for everyone.
I've heard One World charges high taxes and fees. Wouldn't Star Alliance be better for US/Europe since it has Air India, United, Lufthansa etc. as members?
 
Back
Top